Applying a Bucketful of CED Strategies

Canadian CED Network

Year: 2009

This exercise will help you identify opportunities to plug the leaks

Plugging the leaks is also called Import Substitution. Plugging the leaks focuses on reducing the number of imports brought into a local economy. Examples of strategies which aim to plug leaks include co-ops and credit unions (when we buy financial services from one of the big FIVE banks, we are importing financial services from Toronto or Montreal); buy local campaigns, and developing new businesses that can supply manufacturers (eco-tourist operators sometimes fly in supplies from Vancouver! Or offices can join forces to purchase paper products from a new local supplier).